Terms & Conditions forming part of the Application Form for Registration of Plot
1. This Application Form for registration for the provisional allotment is a letter of intent expressing the interest/intent of the Applicant to purchase a Plot in the project. This form does not, by itself, create any rights, title and interest in favor of the Applicant. The allotment shall be final and binding upon the Company only after execution of Plot Buyer Agreement. Detailed terms and conditions shall form part of the Plot Buyer Agreement which the Applicant shall execute as and when required by the Company in the Company's standard format which has been thoroughly read and clearly understood by the Applicant. Such detailed Plot Buyer Agreement shall supersede the terms of this Application Form.
2. The Registration for Booking of Plot, or Farmhouse Land is at the sole discretion of the company. The company can reject any application without assigning any reason.
3. The intending applicant(s) has fully satisfied him/herself about the ownership, legal document, and physical location of the Proposed Plot, at the time of application and accordingly no objections, investigations or questions will be raised by the Applicant in this respect at any time in future.
4. Due to any reason, if the company is unable to offer registration for booking/ allotment of the Plot to the applicant within 6 months then, it shall provide two options to the applicant(s): (i) The applicant(s) may apply for an alternative property developed by the company or (ii) The Company shall refund the amount deposited with simple interest @ 6% per annum.
5. As per the availability of the Plot company may offer for allotment of the unit in favor of intending applicant(s).
6. That on receipt of information of registration for booking/ allotment of the Plot the applicant shall be abide to make payment as per Payment Plan (enclosed) and be bound by the terms and conditions of this application form and as per company's standard format of agreement contents of which have been read and understood by the applicant.
7. That applicant is entitled only once to get the name of his/ her spouse/ children/ parents substituted in his/her place in the record of the company, who may in its sole discretion permit the same on such condition as it may deem fit.
8. Any cancellation of booking after registration by the applicant is subject to cancellation charges @ 15% of the total value of the Plot. These charges would be deducted from the amount deposited by the applicant.
9. That the Applicant(s) on being Non Resident of India/ Foreign National Buyer shall be responsible for the fulfillment of its Obligations in the Foreign Exchange Management Act, 1999, instruction/directions issued by Reserve Bank of India and other prevailing applicable laws, rules notifications including that for the remittance of payment(s) and obtaining permission as prescribed by law for acquisition of immovable property in India.
10. In case of a joint application, if Applicant(s) claims for cancellation, the Company will refund payment in favor of 1st Applicant after deduction of cancellation charges and all the Applicants hereby accord their consent for the same.
11. The applicant shall get his/her complete address registered, with the Company, at the time of applying for registration and it shall be his/her responsibility to inform the Company by Registered AD letter about all subsequent changes, if any in his/her address, failing which all demand notices and letters will be posted at the first applicant registered address and it will be deemed to have been received by applicant(s). The applicant shall be responsible for any default in payment and/or other consequences that might occur there from.
12. If the intending allotted (s) fails to pay successive installments (s) within the prescribed time then interest shall be payable as follow:
A. Up to one month from the due date of unpaid installment 18% P.A. of the due amount.
B. After one month onwards from the due date of unpaid installment 24% P.A. of the due amount.
C. After three months from of due date of unpaid installment, Company will have the right to cancel the registration which is subject to cancellation charges @ 15% of the value of Plot.
13. In case intending Applicant/Allottee wants to avail for a loan facility from his/her employer or financing bodies to facilitate the purchase of the unit applied for the company shall facilitate the process subject to the following:
A. The terms of the Financing Agency shall exclusively be binding and applicable upon the applicant only.
B. The responsibility of getting the loan sanctioned and disbursed as per the Company payment plan/schedule shall rest exclusively on the Applicant/Allottee, In the event of the loan not been sanctioned or the disbursement getting delayed, then the payment including interest payable to the Company as per payment plan/schedule shall be ensured by the applicant/allottee.
14. If any third party makes payment/ remittance on behalf of the applicant(s), He/ She shall have no any claim on the Company and the Company shall not be responsible for such transaction of the third party.
15. In case of acquisition of land by government or for the execution of order passed by any competent court the Company shall refund the amount deposited by the applicant without interest.
16. The Company shall not be responsible or liable for delay in allotment of Plot, If such performance is prevented, delayed or hindered by any reasons which are beyond reasonable control of company for example if any competent authority refuses, delays, withholds denies the grant of necessary approvals for any reason whatsoever, force majeure events, Act of God, Govt. / Court order, change in laws, Dispute, War, Action by Military authorities or any other cause/reasons.
17. Company reserves the right to change any design/layout/ area/ specification/ facilities and amenities of the proposed project without prior notice and information. The Brochure/ map are for illustration purpose only and it cannot be treated as a legal document.
18. That after completion of the Plot and receipt of full consideration and other charges, if any, payable by the Applicant(s), Sale Deed shall be executed in favor of the Applicant (s) on the format provided by the Company. All expenses towards execution of Sale Deed/registration shall be borne by the Applicant(s) that the Applicant undertakes to remain present before the registering Authority at the time of registration of the Sale Deed.
19. The intending allottee(s) shall make payment of all the amenities and services before possession/ registry whichever is earlier and thereafter the intending allottee shall be liable to pay regular expenses i.e. maintenance charges, development charges and other necessary charges etc. to the company society (as the case may be) for proper development and maintenance of the amenities and facilities.
20. No legal proceedings can be initiated by the applicants(s)/ allottee(s) against the company based on this application form.
21. The company has the sole right to incorporate more terms and conditions for smooth functioning, construction of the project or to effectuate any statutory rules and regulations.
22. That legal heirs and representatives of the applicant(s) will also be bound in all respect of the terms and conditions of this application form.
23. The payment shall be accepted only through A/c payee cheque, Bank Draft, Bank Cheque or through NEFT/RTGS drawn in favor of ACUTA-BUILDSOLUTIONS PVT LTD. and the Company shall issue a proper receipt in token of receipt of the payment. Any dispute of difference amongst the Applicant/ allottee(s) and the Company shall be resolved through an arbitrator in term of the Arbitration and Conciliation Act, 1996 and statutory modifications thereof. The venue of the arbitration shall be, at Uttar Pradesh only. Subject to the aforesaid, the Courts, at Uttar Pradesh shall have exclusive jurisdiction to entertain the dispute between the parties hereto.